1. Save
  • Down Payment
  • Closing cost
  • Insurance & Taxes

2. Improve credit score

  • Stay current on bills
  • No major purchases
  • Don’t cancel any credit cards
  • Higher credit score = Lower interest rate

3. Calculate what you can afford

Ask assistance from a bond originator – they can give you a clear idea what you can afford. Alternatively visit Property 24.

4. Get pre-approved.

5. Decide what you want in a home

Set up a checklist that suit your needs.

6. Choose the right realtor for you

7. Visit homes with your realtor

  • Take enough images and make notes
  • Ask the necessary questions

8. Narrow choices

  • Check out the neighborhood and it’s surroundings
  • Consider resale value
  • If used as investment, make sure it’s the right area and what the possible rental income can generate you.

9. Make an offer

  • Make sure that you read and understand the contract clearly.

10. Schedule home inspection

11. Make final walk-through

  • Test light switches, sockets
  • Check windows and doors
  • Check drains and toilets.
  • If unsure regarding something ask the agent.

12. Close and move in 🙂

Leave a Reply

Your email address will not be published. Required fields are marked *

X

See latest COVID-19 updates on government website www.sacoronavirus.co.za